What Rising Urea Prices Mean for Brazil Corn Restocking

Nitrogen fertilizer prices are rising again at Brazilian ports as demand, corn barter ratios and Middle East supply risk pull urea higher. Tomas Pernias, StoneX Brazil Senior Market Intelligence Analyst, explains the three developments reshaping Brazil fertilizer market. Nitrogen imports from January to August are running below last year, which leaves restocking for the second corn crop still to come at a moment when prices are climbing. Phosphate is moving the other way as soybean planting nears and demand thins, though high sulfur costs are limiting how far those declines can run. A resumption of Chinese exports remains the clearest route to a reversal in nitrogen. Discover Actionable Fertilizer Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/fertilizers?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_tomas_pernias&utm_content=share 00:00 - Urea Turns Higher in Brazil 01:09 - China Is the Reversal Risk 01:42 - Nitrogen Imports Run Behind 02:10 - Phosphate Enters Its Slow Lane 03:18 - Sulfur Costs Refuse to Fall 04:07 - Fourth Quarter Risk Builds Like and subscribe for more financial market insights. #StoneX #TomasPernias #Fertilizer #Agriculture --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social